UNB's Private Banking Division announced that the performance of both 'Al Itihad and Al Samaha Islamic' Funds was steady and consistent with the relevant benchmarks during the last year. Their performance since inception was commendable compared to other funds in the same category.
Al Itihad Fund achieved an impressive +18.2% net returns for 2012 and +33.8% in 2013 up to 25th April. The Fund was launched with an objective to achieve long-term capital growth by investing in publicly traded companies. The fund's prime focus is on UAE markets and to a lesser extent on other GCC markets...............................................Full Article: Source